Avalanche Tokenomics: Does AVAX Pass the Test? | Daily Crypto IQ

a highlight. Avalanche is going to be for today. So, Avalanche burns every transaction fee paid on its primary network. And that sounds extremely bullish, but how come Avalanche hasn't been running to the moon? Until you discover that Avalanche is simultaneously minting new AVAX tokens for its validators, and that's most of the economic value created across its ecosystem never actually reaches Avac token. So although they are burning the transaction fees paid on the primary network, Avalanche is also simultaneously minting new AVAC tokens for validators and that most of the economic value being created across its ecosystem never reaches the AVAC token. Tonight, we're investigating whether AVAC's real utility and 720 million supply cap are enough to earn a pass or whether the incomplete value capture keeps it on the watch list. By the end of this show, Avac receives the

first official score on the daily crypto top 100 leaderboard that we're going to be creating through all of these token autopsies that we're going to be doing. And this to me is the time for us to be doing that. As you will see, I have AVAC pulled up here. It's about $7.26 at the time of recording. And on the yearly, it is down about 60, what is that? 68%. This is the Daily Crypto IQ show, and we're going to be reinventing it a little bit. We're not reinventing the wheel. For my friends that are out there who consider themselves undergrounders, I welcome you to the show, and thank you for being here. Uh, let's see who's all in the chat. We got Melissa, Stregaart, Blues Guy, Helen. Thank you. Thank you everybody for being here and let me know

as the show goes on how you feel about this new format that we're doing. So again, welcome to the Underground Crypto uh deep dive research show and we're doing like a nightly crypto investigation where we separate what is real from what is hype. Follow the economic value and reach defensible conclusions, right? Tonight we begin that token autopsy top 100 trials list. Every project this week will face the exact same evidence standards. So we have a format. Our first case is Avalanche in its native AVAC token. So let's go ahead and take a look at this alltime chart that we have for Avac right here. As you can see, it came out token generation event. Looks like September 1st, 2025 is where they have it. No, that's the yearly. Sorry. Let's go to the max. There we go. It's actually

up 59% if you count where it first came from. As soon as I saw 2025, I knew that couldn't be right. So, it actually looks like we're looking at something like September 21st, 2020. And we had a huge spike. Its all-time high looks like it was, let's highlight it. Give it a minute to produce it. There we go. $134. Or wait, what's going on? Why' it do that? That was weird. All right, so we should still be able to grab the top. All right, we'll just go down here. I don't know why I was doing it that way. So, it looks like all-time high $144 and that was almost 5 years ago, November 21st, 2021. A lot of 21s here. It's a lucky number for me. Uh all-time low was $2.80 80 cents and that was also about five

years ago on the 31st of 2020. So you can see right here this stark contrast December 31st 2020 it was at $2.80. November 21st, 2021, it was at $145. Basically, $144.96, right? So, if you're not familiar with AVAC, it of course is a layer 1 smart contract platform. Proof of stake is its consensus. What else is relevant here that I want? Made in the US. It's a good tag, good category. It's in a bunch of financial portfolios. Coinbase top 50 index, of course, it is number 31 by market cap. We do often talk about it in our rundown. 3.1 billion in market cap. Let's look at these tokconomics real quick. We have 720 million max supply with an circulating supply of about 431. There is an outstanding supply here, but it's only, you know, five million or so more

than the circulating. So, it's not a drastic difference. And it should tell you where a lot of those are going. No, it doesn't. It does tell you what's for the foundation. 26.6 million go to the foundation. So, there you go. Still plenty of supply to come out. It's over 50% uh circulating from its max, but it's not 100% vested, as we would say, or 100% of the coins in the circulation. And then from there, how's everybody doing? Give it a minute. How are all my people tonight? Let me read this chat, sip this drink, and settle into the stream. So, here is why Avalanche deserves this investigation right now. And you've probably heard me make a few comments when we do like the price rundown that somebody who I highly respect um has told has said like, you know,

Avalanche probably has a lot of uh money flowing to it here soon, right? So, with that being said, that's a big reason why I picked Avalanche to go first and foremost in this token autopsy. So our current research again tokconomics AVAC sits around number 30. It's 31 right now by market cap with approximately 432 million AVAC counted as circulating against its maximum supply of 720 million. That means the supply cap is real, but it does not mean all possible AVAC already exists in the market. There's still AVAC to come out and be minted. Avac is also demonstrating real adoption. So, we have a couple fact factoids for you here. Kenya's national examination system recently anchored more than 15 million academic records on Avalanchia's sea chain. The system includes records dating back to 1989 and millions of additional certificates could

be added over time. We're talking about Kenya's national examination system, right? That is not a hypothetical partnership announcement that we get hit with a lot. This is real use of a public blockchain that makes academic credentials independently verifiable. And in a place like Kenya, that can be very useful. But here is the question that we must not skip. How much AVAC demand does that activity really create? Any any at all? If 15 million records can be anchored while transaction fees remain extremely inexpensive, Avalanche itself may gain an important use case without producing equally important economic value for the token. So what we're saying is even though that they're doing all of this on chain, because Avalanche is very inexpensive, that might not really produce a lot of money value capture for the token itself. [music] Wanted to recap that

so everybody understands. And this distinction between a successful network and a successful token is what we are investigating tonight. And I have spent quite a bit of time trying to lay out for you this last week series that we just did. So if you missed that, you might want to go back and watch those videos if you really want to raise that crypto IQ. What we're so fond of trying to get everybody to do here on this channel. All right. So for everybody joining us tonight, the question is not whether Avalanche has good technology. Okay, that is kind of a separate question. This is a token autopsy. So this is very much about the token itself, not the tech or some bigrained idea that they did inside a blockchain technology advancement. Right? The question is whether anything inside Avalanche

ecosystem creates enough demand to lock or burn of Avac right to justify token economic thesises. Basically, is there demand for the token? AVAC clearly has utility as we just saw with our example of the Kenya, right? Using them for putting a bunch of academic stuff on chain that remains uncertain. What remains [music] out uncertain is how much value that utility actually captures. And that's kind of what we really want to get to. But let's talk about a few other things. Hopefully I have now delivered on anybody who clicked on the [music] thumbnail and had questions. We're going to get to a lot of things. But first, let's just take a real quick general look at what's going on in the market. I'm going to speed this [music] part up. We're going to try not to take so much time

on this. So, we got Flare 12.5% to the upside. I'm really going to use my discretion here. So, Blues Guy, he's got to be happy. Flare up. Shout out to Blues Guy. I hope you're enjoying where you're at. I hope you have a good gig tonight. 12.6% on the daily. It had a It had a kind of a straight shot up to 0007. I usually don't say the numbers when they have a bunch of zeros, but two zeros I can live with. Right. number 90 by marketing cap. So, moving up a little bit, but we've settled down here at more like .002 instead of 0.77. Anyways, Flare on the radar. It's in the top 100. It's something you should think about. [music] Arbitra, a 35% increase here and it's still going. You know, a lot of times we look

at these big pumps and when we pull up the the chart, it goes up, but then you'll see like a drastic pullback. I mean, flare, the one we just looked at, good example, right? Arbitum has kept that pump for a while all day. So that's why it's up 35%. We got XMR Monero going up here a little bit. Let's drop down toggle that top 100. Funny thing is that when I actually toggled this top 1,000 earlier, it was a lot of negative one -2%. The market has kind of bounced here a little bit which is cool. So let's go over here and take a look at our 100 to 200 by market cap category. Seeker. Now, Seeker, I don't know if they did the airdrop yet, but there's supposed to be another airdrop coming. Uh, Reliable Jay told me

about that. I know he's made some good money off of buying that Seeker phone. If you bought a Seeker phone, shout out [music] to you because you made a really good investment. I'm sure you got those airdrops. Unless you just bought it or something. I don't know how that works. I don't think you get retroactive airdrops, but there should be one coming soon or it just recently happened. It's up 24.8%. That's good for all of those people who invested in that pond, which is a launchpad for Robin Hood ecosystem coins, aka mostly memecoins, 35.4% to the upside today. Looks like it's been as high as about 42 cents. Now, a lot of times we talk about this top number, which is the price per unit, price per coin, but what we really need to focus on is market cap,

right? 295 almost 300 million. That's what really matters. If you know your tokconomics, if you know your tokconomics, if you understand tokconomics, throw a one1 in the chat. If you don't understand tokconomics, you have no idea what I'm talking about, throw a 333. And if you're new to the stream and never been here, put uh 777 so that we can welcome in all of our new people on the stream. Now, we will drop down another 100. We usually only go to 2 to 300. So useless coin is up about 40%. Mina with a little 4.2. What is down? Cisic negative 31% here. Prom has been pumping a bunch and Helium has been pumping a bunch and they're about down the same 15% or so. Let's move right along and we will come back to Avalanche. Like I said, I

am doing the stream a little different. So, hear me out. Fill me out a little bit here. Let's do our talking points. Bang. So, we always start with the problem, right? The popular AVAC narrative combines three facts. Avac has a maximum supply of 720 million. Avalanche burns transactions fees. Govern uh government. Yeah, governance. I think it should be institutions, games, and defy applications use avalanche technology. From those facts, many investors jump to the conclusion that every new Avalanche user makes Avac scarcer and more valuable. They're looking at this everything gets burned. But they're not looking at the supply issuance. How much of the actual AVAC coin is coming out into circulation on a regular basis? Is it more than what is being burned? That is what we're really trying to look at. And again, a avalanche at one point

Avalanche is the name of the layer 1 blockchain. Avac or this AV AX is the ticker for the actual token. Okay, just so everybody's clear on that. I never know who's coming across this stream. At one point, Avalanche really said and was doing a lot of narrative push about being like the the blockchain [music] for gaming. We love DeFi gaming here. Matter of fact, there's an announcement coming [music] about the gaming that we do and that'll be a little bit different. Uh we'll do that in a minute. So, from those facts, many investors of course jump to the conclusion that Avalanche is always being burned from all the transaction fees. And that conclusion of course is incomplete. So, what's changed? Avalanche 9000 replaced the old subnet structure with sovereign Avalanche L1s. So there's been a change in the architecture

of Avalanche itself. Previously, every subnet validator generally needed to validate the primary network and stake about 2,000 Avac. And for anybody who's getting a little lost here and doesn't understand quite what a validator is and all those things, don't worry. You're in the right place. We are actively always trying to make sure that we educate people on what all of this stuff means. So, you might want to stick around and watch some more videos. Avalanche L1 validators can now register with Pchain. Anybody know what that is? And pay a smaller reoccurring AVAC fee. Individual L1s can use their own token for gas staking and rewards. The upgrade dramatically reduces the cost of launching an AVAC or Avalanche blockchain, but it also changes the amount of AVAC each new L1 must lock. So, we've changed the dynamics. So, if you

invested in Avalanche, say four years ago, this might be critically different and you might need to take it into consideration. Anybody out [music] there? All right, let's see. So, c catching up on the chat here. Avalanche uh looks like Helon upgrade is active on the Fuji test net and proposes major changes to staking and validator economies. Now, I just want to add this little tidbit. If you made it this far into the videos, little nugget of gold, a lot of things have attracted a lot of market cap here recently. When we start pumping, people are going to speculate specifically on things that have high ranking of by market cap, top 100 coins that haven't moved yet, that haven't got that motion yet. And I feel like Avalanche is very much one of those tokens. It's another big reason why

I think this is timely and relevant to the market right now and worth going over. Also, it raises your crypto IQ by educating you on why something would actually go up in value in its actual token because that's where you can make money. If Avalanche does extremely well and partners with a bunch of, you know, governments to put stuff on chain and the governments pay them a bunch of money and all that money that they make goes into their bank account, their treasury. How does that help you with the token? You need money in the token market cap to do that. Keep that in mind. All right. So, with this Helcon upgrade right on the Fuji test net, major changes are coming. So, auto renewed staking, a short minimum commitment, a shorter minimum commitment, a higher uptime requirement, a

redesigned reward curve, lower projected AVAC inflation, and faster Cchain execution. So, here's one that sticks out to me, of course, is lower projected AVAC inflation. We want deflation. We want more scarcity. If something is scarce, by definition, there is less of it. If we're inflating, then there's more of it. That's the opposite of becoming scarce. Okay. Mainet activation timing still requires confirmation. So we don't know exactly when that upgrade that's on the test net test net are exactly what they sound like test environments to test things before you launch it on your main chain and break everything right could have been avoided if [music] you would have had a test net who could benefit from this of course developers launching customized blockchains would benefit from this upgrade validators requiring more flexible capital commitments would also institutions using avalanche infrastructure

and AVAC holders if low emissions and higher activity improves net supply pressure. These type of upgrades can happen silently to a project because a lot of people aren't paying attention and then all of a sudden the thing starts running and they're like since when does everybody care about AVAC? they automatically assume, right, that a bunch of people are just buying the token and the market cap is going up and so is the value of the token. When sometimes the underlying structure of the tokconomics of a coin change due to upgrades and the way things are done, again, switching from inflationary to deflationary will change that over time. Who could lose though? Cuz we're talking about who could benefit from this. Well, we want to talk about who would not benefit from this as well because we want to be

transparent and fair here. Short duration validators receive reduced rewards. So, that's not good. AVAC holders if custom L1 adoption largely bypasses the actual token, that's not good. existing applications if stronger value capture makes the network more expensive. So the applications themselves might not benefit from this if it makes the network more expensive. smaller validators if economic favors large professional operators, meaning your average guy in his basement with 17 computers, he might uh or miners, I should say, because a lot of them aren't straight up computers. GPU rigs, um he might not necessarily benefit from this. So, we want to investigate signal verse [music] noise. I don't know if anybody's ever heard like the outline between what is signal and what is noise. This is a type of uh thought or talk that you hear a lot in business and

especially high businesses that rake a lot of money. Their CEOs and their people in charge focus heavily on what is a signal to do something and what is just absolute noise and you don't need to pay attention to. This is one of those Steve Job uh kind of uh philosophies. Let's put it that way. Does Avalanche create durable economic loop for AVAC? Or does most ecosystem value flow around it and not into it? That is what we really need to know. And especially if you're somebody who thought, I'm going to speculate on some Avalanche and buy some, which I was thinking about cuz it hasn't really moved much. And I've heard from some people that big players are eyeing it and probably going to come into it. Right. So, what happened? Story one. Kronos halts after tectonic exploit. >>

I I feel like I've been going at a million miles an hour. Who's here? Somebody throw something in the chat. Let me know you guys are alive. Unfortunately, I believe Melissa is working, so I don't think she's here with us tonight. And uh where's Cam? That's the question. All right, so let's tell this little story here. Kronos halted blockchain production. And if you don't know what Kronos is, that's the Crypto.com blockchain, right? After an exploit targeted the Tectonic lending protocol. So on Kronos, a lending protocol was exploited. Therefore, they halted block production. Basically, when you halt block production, you stop a blockchain from doing anything. Early reporting estimates approximately $75 million was affected, although the final loss and complete attack mechanism still require confirmation. So, we know $75 million of whatever capital and assets were affected. We don't really

know what was actually lost and how they exactly did it. Preliminary reports suggest that the attack involved manipulation of a thinly traded collateral asset before borrowing more valuable assets against the inflated position. Why it matters, right? Why does this even matter? Why am I bringing it up? This is not the only smart contract [music] story. It raises questions about oracle design, oracles feed data, collateral liquidity, lending limits, validator coordination, and whether an entire blockchain should stop to contain one protocol exploit. The difference between decentralization in theory and emergency authority in practice. This is a good focus for what I'm saying here. the difference between decentralization in theory. People get even a little crazy about that. And then of course an emergency authority in actual practice things actually breaking not a theory about how things should be decentralized. We built

it and now it is breaking and there are problems with it. Do we just keep it on for the sake of philosophics so we don't, you know, break our morals? Code is law. An Ethereum story. Ethereum. Ethereum classic. Should we roll back the exploit? Should we all just lose a bunch of money because our morals tell us code is law or in an emergency, do we use authority and stop the blockchain, fix, plug the holes before we turn it back on? I feel like everybody's kind of at a different place with that. So, who benefits, right? Attackers benefit if assets escape to other networks, right? Tectonic depositors face direct risk. Other Kronos applications lose normal network availability during the halt because the blockchain is paused. Security researchers gain evidence about weak collateral controls. That's somewhat bullish, right? they can

actually do some research on why it happened and how they're going to stop it happen. Maybe they could do something like when liquidity becomes so thin they halt the asset like you stop the trading of like the asset but I don't know how you do that because then how can more liquidity come in? Maybe they have some kind of protocol where they inject liquidity but that will most certainly be exploited right so signal right but it's still developing the exploit is real enough to matter the exact loss recovery prospects and final cause remain totally uncertain what we want to watch official postmorteium whether the attackers return the assets don't know why they would do that if they got away with it network restart conditions, whether transactions are reversed or frozen, and changes to collateral and oracle policies. Basically, did

they learn anything from what happened? Yes or no? Our second story of the night, the SEC proposes regulation crypto assets. We already knew this is coming, of course. The SEC proposes a new framework called regulation crypto assets. They're really deep over there, right? They're creative. There's a lot of color and they think really long and hard about the things that they come up with and put out. Oh, wait. I'm kidding. They just called it regulation crypto assets. Uh, it doesn't even like sound like it's written properly. Anyways, [music] for certain crypto assets offering involving investment contracts, the proposal flows the SEC's March interpretation and attempts to create more tailored registration exemptions and clearer categories. Right? They're trying to be clear. We've been asking them to do that for a long time. Everybody in crypto, of course, I'm specifically mean

the big dogs running big companies and they have been slow on the heel. Looks like we're just about to get something. I bet you that that Clarity Act gets passed. I don't know who are all these people who think that the Clarity Act isn't going to get passed. That thing is going to get passed. Public commitments are scheduled through October 20th, 2026. Why it matters? Of course, why is this relevant? The SEC is moving from regulation through scattered enforcement. what we've seen so far XRP case towards a written framework that pro projects uh that projects lawyers and investors can evaluate before a token launch and this could affect token fundraising disclosure requirements airdrops investment contract analysis secondary market treatment and which project can legally access American uh participants right who can have access to our market. That is what

is really going to define who it benefits or loses. Legitimate users may gain clearer fundraising paths. [music] So legitimate issuers may feel less risky about doing fundraising fundraising through this mechanism. Let's call it a mechanism. So investors may receive more standardized disclosure. Projects uh dependent on avoiding legal classification may face greater scrutiny and lawyer exchange lawyers, exchanges and compliance providers gain clearer operational requirements. Uh this is considered signal but not final law. A proposed rule is meaningful, but a project should not behave as though every provision is already binding. What to watch here? Of course, public comments, public sentiment, changes before final adoption, treatment of decentralization and secondary transactions and interactions with congressional market structure legislation. All right, we're going to take a pause and move to something else because I feel like we are going way too hard

right this moment. So, we want to do that price rundown. Again, I'm still trying to get the flow of how I want to do things here. So, again, bear with me for the next couple of days until I get this thing dialed in. But, I'm loving it. I'm kind of liking the different structure. What do you guys think so far? Bitcoin $78,700. Ethereum $2,472. BNB $693. XRP a139. Salana a dollar. Sorry, $103. Somebody's heart jumped out of their chest there. No, Salana $103. Hyperlid $84. Hyperlid is just holding like all of its gains. kind of the same with Zcash. $858. It's crushing it. They really need like a monthly percentage change on this chart. That would be really nice because like again, Zcash has run a bunch, but now we've been some time out from that big pump and

now it's like trying to tell you it's only like 3%. This thing doubled practically. Anyways, uh Dogecoin at about 8 cents. For whatever reason, Dogecoin is not capturing a lot of attention even with an ETF and stuff like that is what it is. We Bitcoin first, then Ethereum, and then other things come into play. Dogecoin is not Bitcoin or Ethereum, right? So, it's got to get a little farther down the liquidity train or chain either way. XMR $522. Leo token coming out of nowhere. Uh $957. Cardono just hanging out under 20 cents. A lot of red on the 7-day, a lot of pullback, right? But the pullback isn't drastic. That's what you got to look at. Yes, there's a little bit of pulloff uh pullback. Yes, there's a little bit of cool off. I combined those a little bit

of cool off here in the market, but that is a good thing. And we're going to go right to the fear and greed index in a second here. And I'm going to be, I'm sure, glad to see it tick down a little bit and cool off. So, [music] uh, think of it like an engine that runs, right? But when you're running hard, you're racing, the engine gets hot, it's okay. But you need that thing to to consistently moderate itself, keep itself under a certain threshold, and not get too hot to where things start breaking and crashing. That is your fear and greed index. Right. Thank you for posting those links, Melissa. So XLM 17 uh high 17 cents, Canton Network 12 cents pretty much flat. toncoin a$138 aka gram I don't know when we're going to actually call it

that avalanche ding ding the topic of the night $728 down 3.6% 6% in the last 7 days. SU at 73 cents in my opinion. Anything under a dollar. Uh this might be the lowest price you get SU at unless we really turn around and dump which could happen a little bit, right? We could have some kind of Fibonacci retracement kind of stuff. And I'm going to bring up and of course me uh meme core which I talk about a lot at a$11. Let's go ahead and bring up that trading view chart of the 4hour BTC to start with. Just gonna do a quick talk about this. And I mean, I think it's pretty obvious, right? You're getting a lot of this kind of action. That's a shoulder head and shoulder that is kind of getting defied, right? So, what

do we do from there? Well, the first thing that sticks out with me with how volatile this pump was would be your Fibonacci retracement full range, right? And I like that 786, but in a super bullish environment, you're not going to get a 786 pullback. In all likelihood, you'd be lucky if you get a 0.5. Of course, we have that red line, which is a 200 day moving average, and the blue line, which is the 200 day smoothed moving average. Don't worry about those. What you want to focus on here is the 200 day moving average and the 21-day moving average. The white line is the 21. The red line is the 200. Of course, in order to lose the 200, we have to lose the 21. We just got back above it. It could do something in the

nature of a pullback, right? It's kind of Bart Simpson kind of thing. And let's go ahead and try to put this thing in some kind of flag and see what we think about it here. Right. I kind of like kind of go wherever I get the most touches on it, right? That seems to make more sense. More like a fake out breakout there. And I mean, this would have one heck of a measured move, right? For whatever reason, call me crazy. I'm actually thinking this is probably the most likely scenario. We get another we get a little like maybe another week of cool off maybe two and then we get a blast out of nowhere. Maybe we see a little bit more of a dip, right? Could give it something more like that. That's a little more respectable there.

But it also says that you don't have that much time to figure this out up or down. Now it's maybe drop into a smaller time frame. again Fibonacci retracement usually 0.5 is a good bounce area. Um and then of course your golden pocket down here between the 618 and the 65 or the 706. I think most people would respect uh 618 and 65 as the golden pocket. Blues Guy says, "My man Eugi, grateful for your channel, brother." Thank you. I appreciate you saying that. Again, I'm always working hard to reinvent the show and make it as interesting and exciting and attractive for more people and of course my regulars as well. Just popped in to say, "Ola, I know you're busy. I know you got a lot going on. I don't fault you for it, Blues Guy. Thanks for

being here." And Melissa is a little busy with work today. Don't know where Cam is. He's been uh he he shows up, but usually a little later in the show now. Either way, I keep grinding. I keep going. And we got a lot a lot of good times ahead of us. I hope everybody kind of understands that. All right. Now, I'm going to delete all that because we don't need to have all that on the table. And let's drop down to the hour. The hour, [music] I mean, it looks kind of Bart Simpsonish, right? You can't deny that. But that can also just mean consolidation. If we were if we're still in a bare market, and these are still bare market vibes, like that should dump and give you that kind of Bart Simpson kind of look, right? But

I I I really think that we're here now. Like I think that that was the bottom of the bare market. Uh every day that kind of strengthens a little bit. I don't know if you guys remember this, but when we had that last big pump right before this big pump, and I should probably just bring it up instead of just saying it, which was this this area right here. this. Where did we stop? And we'll go ahead and put put a line. We'll put a ray right there at the top. And so our highest high there was about 82,840. Let's call that a rejection of about 83,000. Like we got rejected from going to 83,000. Now there is Oh, Chris Goss, thank you for coming in the chat and throwing that 333, my fellow lifer. So, one thing I

I really want to say here is when we had this runup, there's somebody who I I I like to watch, CryptoJ. Um, I watched him a lot in the past. I found him on ATB just like I found the lifer, right? And uh there's not a lot of people who I really respect what they have to say about the market because so many people are shilling crap, right? Uh the lifer number one first and foremost, that's the crypto lifer on YouTube. Look him up. And then CryptoJ is is in there second, if not third. Uh I think he's pretty fair and practical and doesn't BS, right? Well, he was saying if we don't get above like 83 84,000 and hold it for a week or two, this is not a confirmed bull market. Let me say that a different

way. Back when we had this runup, CryptoJ made a whole bunch of videos about how if we don't get above 83,500 84,000 area, if we don't get above this area and hold it, then we're not confirming a bull market. There's no confirmation of a bull market. So, are we in that same boat again? Because look at that. Here we are. or have we created a big macro range per se, right? Which would be something like this. You can see we dipped under it a couple times. We can see nice bounces here, nice bounces there. That says like anything from about 62,000 to about 83,000. And that's our range. If we're still in a bare market and we haven't really turned the tides and come into a bull market, then there's a good chance like right until what, like October

5th, which is right about here in this area. So that would be like your bearish scenario. Otherwise, we're making a beautiful flag here on the 4 hour and we are about to pump, baby. Pump, right? does kind of look like a 50-50 pattern from my pattern recognition. Somebody could tell me different. That would be okay. I would not be mad at him for that. Crypto family, y'all say what you want and let me know how you're feeling. But says about 97,800. So, very close back to 100K [music] if we can get above 83,000. I like to do a little bit of TA and then simplify it. So, here's kind of my uh ending thesis here. We need to get above 83,000 and hold it. If you don't get above 83,000 and hold it in say the next month, there's

a good chance you might get some lower lower prices down here. We'll see what happens. That's [music] to the best of my ability, right? All right, let's get back to our regular programming here and take a look at that fear and greed index. Where is it at today? 69. So, a little bit of a pullback, but sentiment doesn't actually seem like it pulled back as hard as I was hoping. It's actually gone up. Yesterday, it was 62. I thought we would have a little bit more of a dip than that. I was looking at maybe something like 55, 56. Struggle says 222. He says, "Don't leave me out. I'm here. I appreciate you." Struggle been coming to every stream, man. I really appreciate that. Uh, it says a lot. Struggle heart, I hope you like the way that we

switch up the stream. Tonight, my uh my new format for the stream is a little rushed, but um [music] tomorrow it'll be far more meticulous. Let's go take a look at what is going on here. And again, I'm going to spend less time on this because it doesn't seem to be a high point of the show anymore. It was at one point. This used to be the part everybody loved. It's just not anymore. So, Seeker Mobile, uh, OG Labs, Zora, DAC or Quantum Chain, and this, uh, Ajee Group, and Chomps, that's what we're going to look at here. [cough] So, this DAC is a quantum proof non-inflationary layer 1 blockchain for RWA and DeFi and AI. Um, no token generation event, so you haven't missed it yet, but we're going to be watching this. This has good narrative. We're

going to be want to look at when token uh generation event when it comes out and we have a token what are the tokconomics can we get any information this has got the right narratives do quantum chain I like this I'm just going to put that out there like my intuition here for doing this at least six days a week remember we used to do this seven days a week [music] right I just pulled back because my shipping business has been uh being is being very demanding right now. I think we're up this month like I don't [music] know five grand more than normal. It's doing really well. So, I got to I got to give my Sundays to it, but I give you guys the other six days of the week. I don't know if I should really

say all that, but whatever. I'm not trying to brag. DAC is a layer 1 blockchain positioned as the first quantum proof and non-inflationary network. We talked about how important [music] not being inflationary and being actually deflationary is. If we can't be deflationary, at least be neutral. At least be not inflationary, right? So, the platform supports RWA's DeFi AI and secured data validation. The ecosystem uses two tokens. This D deact or DACT, which is Ethereum based, 1 billion supply for node activation and premium service and instant swaps. DAC coin as the native currency for transaction fees. So you're going to have DAC and DAC. So one's going to have a T on the end of it. So you're going to need to know the difference because if it comes out and you buy one, make sure you know what the

heck you're buying. Hopefully you came to the Underground Crypto Show and now you know the difference. And what is this Aladdin looking coin? I don't know. Regulated Indonesian. Okay, so not Middle Eastern. uh mobile neo broker for stocks, mutual funds and cryptos. We've seen a lot of neo banking and neo broker and all these kind of things [music] uh coming in. What other information can we get here to niche this thing down? Finex financial technology company as a regulated retail NEO broker that provides seamless access to a wide range of investment products. And I'm going to pause there because I don't think you really care too far past that. 270 million raised. Oh, Madulla, I didn't see this thing. Decentralized data aggregator, portfolio tracker, and crypto API provider. Definitely a utility and a use case here for the the

project. Not a token. I don't know what the token is, and there's not one yet. They've raised doesn't even say yet. So, so far, they haven't raised anything. Their buyer here is FOMO, which I don't know how much money FOMO really has as a backer, right? as a venture capital, as angel investor, whatever. So, there's definitely a use case. There's so much going on. There's so many different places in crypto where people hold money. Whoever [clears throat] nails like an easy to use, provenly safe security technology is going to win that run. What I don't like about those situations where we aggregate all of our different platforms into one place is now you have a centralized point of failure. All of the people are going to start focusing on getting access to that main dashboard where everything is already

connected APIs. They can move stuff around if they can get into it, right? And they're not going to need your passwords for all the other platforms and stuff. >> [clears throat] >> So keep that in mind. You might not want to use one. I don't know if I want to use one of those kind of dashboards that aggregates everything. You put an API in from your different basically you go log in a different platform like Coinbase, get an a, you know, get this API code and then you put that into the platform and now it has access to do whatever you've given it access to do on your behalf through that other thirdparty platform. And if you hook everything up to it and you have a dashboard with everything in it, that can be a central point of failure

where a hacker or somebody could get in and then bang, you're done. Chomp gamified social consensus protocol. I like I I I want to see how this comes out, right? So like a gamified that sounds cool, but who knows if it will actually be that gamified term is thrown around so much. Social consensus protocol and prediction market for crowd sentiment on Solano. So there you go. And again this is very social. Now let us get back to our education here. If I can find it. Is this it? Uh, that's not it. Ah, here it is. All right. So, here's our third story of the night and [music] I'm sure the last one. Salana votes separately on issuance and fee burning. Everybody lock back in. If you want to raise your crypto IQ, smash that like button while you're at

it. I would appreciate that. The link to our free Discord is in the chat. It is pinned, but it's also pinned in the description as well. If anybody tries it and it doesn't work, let me know. So, here's what happened. Salana's SGP 002, this is just a proposal, right? That's what these the the every proposal is going to have a name. Okay, that's what I'm trying to say. Narrowly passed with approximately 67% support, but it didn't get enough of that 23 threshold. The proposal supported doubling Salana's annual disinflation rate from 15 to 30%. Which is a good thing for price. That doesn't mean it's a good thing for the overall network. Potentially reducing projected issuance by approximately 18.9 million sold over the next 6 years. During the same voting period, a different proposal, SGP, let's call it three, received

53.9% support, but failed to meet the required twothird threshold. Okay, so I got this backwards. I did this last time. SGP 200, right, did pass [music] where SGP3 did not pass, right? Okay. Support failed to meet the required twothird threshold. That proposal addressed transaction fee design and increased burning. So they did decide to go with the disinflation rate increase from 15 to 30, which is good, but they didn't go with the increased transaction fee design and burning. That's what you need to know. A majority is not always enough. More importantly, issuance reduction and fee burning are separate policy decisions. Right? Passing one does not automatically make the entire token e, you know, economy deflationary and we want as deflationary as possible. That directly connects to tonight's AVAC investigation. Again, for the sake of the token going up in value,

whether it's in dollars or whatever around the world, we want deflationary. That doesn't mean for the economics of an entire ecosystem and blockchain that deflationary is always the best. So that's the push and pull here, right? What's best for the ecosystem, what's best for the token. We try to find a middle ground. We try to find what is kind [music] of best for both, but you don't always know. Strong uh signal here. So we were going between noise and signal. This is a strong signal. Tokconomics is becoming a more active governance issue rather than a fixed page on an old white paper. What do we want to watch? Technical implementation of these changes. Actual change in soul issuance, right? None of this matters until they actually change the Salana or Soul token issuance. Future fee and burn proposals. Maybe

they'll get passed even though that one didn't. Validators and delegator participation. All right. So, let's see. If this evidence first approach helps you understand crypto [music] beyond price predictions, subs. Okay. Yeah. Basically, subscribe if you like the way that the channel is running. Again, we are completely kind of changing the structure of the show. I hope you guys enjoy. So, let's go take a look at where is it at? Where is it at? our top gainers, top losers of the night. Been playing around with block works a little bit and looking at different stuff. Where are we at? Too many tabs open. I apologize. So, let's reload this. Make sure we're getting real real stuff here. Arbitum is up 38%. Pawns is up 30%. Safe bit up 30%. [music] So these are nice. Seeker up 25. We got some

nice top gainers. Even Flare in there is now up to [music] about 13%. Let's go to top losers. And your top losers are relatively low. Grass is down 4%. Not a big deal. Uh Pol Polygon, I was about to say Polychain. I mean, Polygon Madic is uh negative 5% and everything else is under 5%. So, that really doesn't scare me much, but your top gainers are up. Good stuff here. Let's go to analytics and let's pull up that dashboard. Let's look at some revenue. See what the last day, today's the 31st. It's Monday. I don't think we're going to have a lot of information here. Where are we at? All right. So, Robin Hood chain. Now, we're reporting on Robin Hood. This is good. This is blockchain revenue, right? What chains are making the most money [music] is highly

important. So, Canton Network made 1.7 million on the 30th of August, which was yesterday, right? Hyperlid 1.4 four and Robin Hood made a million. Now, is that because it's kind of new and it's kind of hot and trendy or do they have a really good setup to rake in a bunch of fees? And they might. They they actually might because that sounds like a very Robin Hood thing to do. Salana under a million. All right. So, Canton actually the top performer there. From there, I like to go look at the crypto ETFs. Again, I don't really know what the last day we're going to have here is. August 28th. All right. So, that's a few days ago. And of course, BTC is the most, but ETH was very close. What I really want to point out here is this

is what 1 2 3 4 5 6 7 8 nine days of inflow with no meaningful outflow. I mean, you had $2,000 of UNI ETF. Not a big deal. But you see that these smaller ETFs don't have a lot of money flowing into them. I mean, this is like the whole world buying ETF. And you're telling me in the whole world, Dogecoin had a $5,000 inflow. Not a lot of money. So, basically, it is not time. It's not time for us to pump these lower but more significant altcoins like Dogecoin. It's not now is not the time, right? All right. So, AVAC unquestionably performs real jobs, [music] right? And let's get us back to the AVAC token while I talk about it because that would make a lot of sense. Oh, look. It's right there. How convenient. Bang. Bang.

Here we are. Max chart good to go. Let's talk about it. All right. So, AVAX the token unquestionably performs real jobs. Like it has it really does something. It has utility. The investigation now moves to how useful is what it does cuz just doing something doesn't mean that the something that it's doing is highly useful or demanded. Right? And then we move also to who must acquire it, what moves it from supply and where does Avalanche's economic value ultimately go. So again, we're investigating now moves from does it perform a real job? Check. Yes, it does. Is it actually useful though? Is the job it does in demand? Who must acquire it? What removes it from supply? That would be deflationary when it gets removed from supply. So, what removes it from supply and where does Avalanche's economic value

ultimately go? When value is created in the ecosystem of Avalanche, where does it go? Part one of this breakdown. So, Avalanch's primary network contains three built-in chains. So, it's primary network has three built-in chains. And let me make sure you can see what I see here. because I think this is important for you to see. So the chains, you have a Cchain, a Pchain, and an X-chain. Why do we need so many chains? That's what I'm here to tell you. EVM smart contract and applications. Ethereum virtual machine smart contract capability and applications. Avac relationship pays gas fees are burned. So it pays gas and the fees are burned on the C chain. On the P chain is where staking validators and L1 coordination lives. AVAX is staked and pays registration fees on the Pchain. Xchain creating and transferring assets.

AVAC pays transaction fees. So the fees are paid in AVAC the native token. That's what we're talking about when we see this AVAX. For anybody who really doesn't know, who's new, right? I don't It's not a big deal if you're new. Just if you are, I want to make sure you understand. Feel free to ask questions. Link to the free Discord where you can get in touch with me or other people in the in our uh you know, underground family here, and somebody will help you out, I'm sure. So, with with Avalanch's main network being broken into three different chains, what does that trigger? You should be thinking immediately modular or modularity. This is like a modular blockchain structure. Avalanche also supports sovereign L1 blockchains with customized validator sets, gas tokens, staking assets, fee systems, permission rules, and virtual

machines. This flexibility is an important product advantage. Right? So now we're talking about what advantages and what is good about AVAC, but it creates a more complicated AVAC investment thesis. So although that's great for people who are building on AVAC, when we're breaking it down as like should you invest in it or not, not that I give financial advice, but is it speculatable? It makes it more complicated. So this deep dive, this token autopsy takes a twist. Does AVAC need to exist in the first place? We apply the test. Now, this is all about the token autopsy idealism and philosophy that we laid out over the last week, that whole series. We're doing the removal test. I want you guys to be kind of familiar with the system, right? Or the format, I should say, because we're going to

be applying this same idea to pretty much every token. If Avac, the native token, disappeared, Cchain users could not pay ordinary token fees. This is very much us putting our words and our money where our mouth is because it's one thing to lay out this elaborate way to do a token autopsy. It's another thing for me to actually take tokens and run you through that autopsy. So if AVAC, the native token AVAX disappeared, the primary network validators couldn't stake, Pchain operators would lose their native resource. Primary network uh economic security would fail completely and avalanche L1 validators could not pay Pchain registration fees. Avac therefore passes the basic token necessity [music] test. Right? So it is in a basic level necessary for existing on the on the network in the ecosystem. It's not an optional reward token attached to

an unrelated product. That's [music] kind of the opposite of what we want. All right. So what you may not know, Avalanche does not normally slash a primary network's validators original AVAC stake for missing its performance requirements. This is pretty common in a lot of different ecosystems that if you as a validator miss your performance requirements, they slash money from you. So, you're highly financially uh incentivized to get it right. Instead, the validator can lose the reward it would have received. So instead of taking away its original money that it staked, it just doesn't give them the reward. Still financial incentive, but the other one hits a lot harder. To lose money that you never got is a is it sucks, right? To lose money that you already put into it, that sucks. All right, that's extra sucky. That's heavily

financial incentive. So Hellcon proposes increasing the required uptime from 80 to 90. So that would change you got it performance requirement if you have a problem if there's a you know big storm and you lose power and you're not able to uprun your validator well you used to have a 20% buffer but with this new proposal that's in testn net when it goes into full effect it would move your 20% buffer to 10%. So, if you need to like turn everything off at your mining facility and redo some stuff and rewire and add some more, like you got upgrades and updates and things to do, you better not be down for more than 10% or you're going to lose your rewards. So, a validator failing below that threshold would forfeit the complete cycle reward rather than receiving a partial

payment. And that creates a punishment through lost income instead of confiscated principle. And all I really want to say here without being long-winded or going on a tangent, which I love to do, is basically that the way a blockchain can be decentralized in the original kind of decentralization ethos or philosophy you could say, the way that we keep people honest inside that decentralized world is there has to be financial penalty. to keep everybody on the same page. Basically, it's got to hurt so bad to be dishonest in the space that nobody would do it because it just doesn't make sense. You're going to lose money. That's what they're doing at the validator level. But they're going for a punishment through rewards instead of confiscating the original principle. Part three, the complete supply structure. Let's lay it out. This is

very tokconomics. Maximum supply 720. Genesis issuance when the chain first came out was 360. Current circulating is 432. So you can see take 360 minus 432. Whatever's left over is what has come out since the chain launched. Additional AVAC can be minted as a staking reward. So people stake those rewards are newly minted AVAC. Primary network transaction fees are permanently burned. A maximum supply cap limits ultimate dilution, meaning the amount of coins that can come out and dilute the value. It does not eliminate dilution before that cap is reached though. So you can still have dilution all the way up to the 720 million AVAC level. So what becomes highly important is how fast are those tokens coming out? How [music] fast are you being diluted? central formula net AVAC supply change equals newly minted rewards minus your burned

fees. So this is pretty simple. On one hand you have more tokens coming into the supply. On the other hand, you have tokens being burned. Are more tokens being burned or is newly minted rewards higher than what's being burned? That answers your question as to inflationary or deflationary. So 3 million AVAC minted, 800 a 800,000 AVAC burned. Net supply has increased 2.2 million AVAC. Are you deflationary or inflationary? Everybody in the chat put deflationary or inflationary. So a network can burn hundreds of thousands of tokens and still remain in inflation or inflationary. what the burn actually captures. So every Cchain transaction requires AVAC. The users pays fees and the protocol destroys that fee. That is genuine automatic value capture. Value capture I didn't say that clearly. It does not require a DAO vote, a treasury manager, a discretionary buyback

and a promise from AVA Labs, which is the foundation, the lab behind it, right? Distribution to token holders. Basically, burning the fees from the Cchain is automatically built into the smart contract protocol of the entire Cchain. It doesn't require these things to happen, meaning they're not going to have a Dow vote on if they're going to keep doing it, I guess, is what we're trying to say. However, cheap fees create a trade-off. Lower fees help Avalanche attract users in high volume applications, but each transaction destroys less AVAC. So, with lower fees means less is being destroyed, although there might be more transactions. So, it's a bit of a give and take. Like, you might have more avalanche actually burned because the fees are low and more people are actually doing things because it's affordable. Or you might not get

that high volume and higher fees would have been better because you have low transactions. You get what I'm saying? One requires the other. A network can process millions of it transactions while capturing relatively little economic value. So, Avalanche's own research reveals the gap, and that's what we want to talk about here. We're doing an autopsy of a token attached to a project. I hope you guys expected me to get into some sauce here because I am going to. I wasn't going to come on here and be like, "Oh, yeah, Avalanche is great. You should buy it." one because I don't give financial investment uh you know advice but two because that would be highly irresponsible and that wouldn't teach you anything about how to know what you're doing when it comes to deep diving and researching a token. That's

what we're ultimately trying to teach here. And the tokens we do over the week all have different [music] dynamics to them that kind of fully round out and put you into why one token is better than another as [music] an investment in the actual token, not the project. Avalanch's own research reveals the gap. So Avalanche Foundation recently separated value produced on Avalanche, income received by ecosystem participants and value actually captured by Avac. So there's value captured on Avalanche, which is the actual layer 1 blockchain. Then there's value captured by the token itself, aka money goes into market cap. I know I'm a little meticulous on going over that, but I really want to make sure people don't get confused. So, for June 2026, its research reported approximately 30, let's say 3 million, I'll try to round these numbers, make

them simple. uh 3.1 million in measured onchain production, 2.7 million in holder yield, 6.7 million in additional issuer reserve income, and 12.7 million across the complete income measurement. The seed chain fee burn represented only 3% of that month's onchain production. The important conclusion is that Avalanche produces no value. Straight like that. Very neutral here. You can love what maybe they're going to do in the future, but as of right now, Avalanche doesn't really produce a lot of value. What is the most of the value currently remains application? So if Avalanche as a layer 1 blockchain is not producing a lot of value, what is producing most of the value in the ecosystem? Applications, liquidity providers, users, asset holders, stable coins, and token issuers. And this is direct from Avalanche Value Capture Research, right? I didn't make that up. Curiosity

Reset. What you may not know, Avalanch's largest measured income layer was not application fees. It was reserve income earned by outside stable coin and token issuers from assets held on Avalanche. Again, most of the value income earned by outside stable coins and token issuers from assets held on Avalanche. Avalanche helped create demand for those onchain balances, but the reserve income largely flowed to external issuers rather than AVAC native token. This is the gap. This is why Avalanch's token is not increasing in value with money going into its market cap. That is an example of a blockchain ecosystem creating economic opportunity without capturing it for the native token. So in another way to put this is if a blockchain ecosystem creates economic [music] opportunity, it needs to also capture that act uh opportunity and get it into its native coin.

So Avalanche 9000 changed the value proposition. So under the former subnet model, validators generally needed to validate the primary network and stake 2000 Avac, right? But this new Avalanche 9000 replaces that obligation for sovereign layer 1 validators with a reoccurring Pchain registration fee generally estimated around 1 to 10 AVAC per month. And again, all those fees on that um Pchain, are they being burned? I don't know. Let's go back to where we were. Pchain AVAC is staked and they pay registration fees. So that sounds to me like some value capture there, right? [clears throat] All right. So Avalanche 9000 replace that obligation from the layer 1 validator to uh Pchain registration fee. Basically 1 to 10 AVAC per month is what we would generally expect. [music] Positive interpretation aka bullish L1 creation became dramatically less expensive. More applications can

launch dedicated networks. Every registration validator creates reoccurring AVAC demand. And lower barriers could produce more validators. So we could have more validators on the network. We could have more applications launching on AVAC because it's affordable. [clears throat] And if that uptick in demand happens and use case happens, there will be a reoccurring AVAC, the actual token demand. That's positive, but you also need some things to happen. People have to care and launch on AVAC. Skeptical interpretation, aka your bearish interpretation. Far less AVAC must be locked per L1 validator. Individual L1s, layer ones can use their own gas token. Individual L1s can use their own staking tokens. L1 transaction activity does not automatically create Cchain Avac burns because all the interaction is going on the Pchain and not the Cchain. Growth of Avalanche technology can exceed growth of AVAC's demand.

So, in theory, it should create some demand if you can get more people using the actual Pchain. If not, then it doesn't really do much for the token. The ecosystem might have more applications on it. You got to understand the distinction here between token and project. [music] the the project itself may have more more applications and all of this stuff, but it needs the the big uptick in users to capture more value for avoid test net. So, it's in test net. The plan changes are autorenewed validator staking minimum staking duration reduced from 2 weeks to 48 hours. So uptime requirement increased to 90% from 80%. Continuous Cchain execution dynamic validator govern minimum gas pricing and a steeper staking reward curve. And this is actually a great stream for anybody who's actually just likes Avac, right? Oh, CCP in the

house. What's up, Underground Cryptos. You know what producing real what's producing real value? You are. Hey, salute to CCP. Thank you for being here as always. Uh we we love that you're here because not only are you just absolutely hilarious in the chat, but uh you know, you you paid some respect. I mean, I like that, too. I like that, too. Welcome, welcome in. Welcome in. ACP 285, which is obviously a proposal, would reduce rewards for shorter commitments while preserving the maximum one-year rate. modeling here. Annual inflation could fall by 0.5 to 1% percentage point. Average staking duration could increase by approximately 2 months. And Avalanch's finite security budget could last longer. The evidence is promising, but the correct label remains catalyst, not completed results. Until mainet activation, the real behavior can already be measured. current adoption evidence so

supporters can point to real case real use case right uh Kenya anchoring more than 15 million academic records on the Cchain institutional asset tokenization payment infrastructure gaming specific avalanche L1s right layer ones on avalanche that are basically specifically used for specific things that's good for developers defy application and government records and certifications if that takes over and more governments choose to do that. A critical follow-up question is, does the application use the Cchain or a custom L1? Cuz only fees on the Cchain are being burned. What token pays the transaction fee? How much AVAC is burned? How much AVAC is locked? And does revenue reach AVAC in any meaningful capacity? Could the application move to a competitor? So, could applications benefit from being somewhere else? And of course, part nine, part nine is competition. Avac competes with who? So,

this is where we lay out a little bit of a different dynamic here. But it's really important because we could talk about a project all day, but if we don't talk about who's in the same vein and who they're competing with, you don't really get the full picture. Salana for performance and consumer applications is who they're com they're competing with Salana for performance and consumer applications. They're competing with Ethereum L2s for Ethereum virtual machine compatible applications. So if you're an application and you want compatibility with EVM, why would you go with Avalanche over Ethereum layer 2 like Coinbase and Arbitum and Polygon? Cosmos style app chain for sovereignty. They're competing with Polka Dot for interconnected specialized chains. They're competing with SU and Aptos for high performance applications. They're competing with permissioned enterprise blockchain systems. And they're also competing with

traditional databases for many government record use cases. They're not the only one doing this. Just cuz Kenya decided to use Avalanche doesn't mean that other governments will not use other chains. Avalanche's moat includes fast finality, customizable sovereign layer ones, EVM compatible, interchangeable messaging or interchain messaging, existing institutional and government relationships, and mature validator and developer ecosystems. Its weakness is that competitors can often offer similar capabilities with their own strong liquidity and developer distribution. Here is our scorecard. Avac has passed the necessity test. The scorecard now determines whether the adoption supply and competitive position and value capture are strong enough for the complete token to pass. Scores represent an evidence-based judgment, not scientific certainty. Here's our categories. Real utility and adoption, 17 out of 20. So, real utility and adoption actually looks pretty good. But here's the kicker. Token value

capture is only 9 out of 20. That's relatively low. Tokconomics and supply only 10 out of 15. So, that's okay, but it's not great. Competitive mode, what it has over its competitors, 10 to 15. Security and uh decentralization is a seven out of 10. That's pretty good. Catalyst and execution 8 out of 10. That's that's a good one. That one's actually ranking and scoring pretty high. Risk in unanswered questions only five out of 10. So its total score is only 66 out of 100. Why it performs and gets what for each category is a different story. All right. So, I'm just thinking about the structure of the stream. Yeah, I I'm basically going to be doing three shows a day. It's very interesting. All right. So, I'm actually not going to run you through this. I will post this

in the Discord. So, if you want the complete breakdown of why each category got what, that's going to be in our Discord, which is free. So, don't feel any which way about that. is AVAC proof of stake it is proof of work and I'm going to confirm that AVAC and I'll show you. We go to Coin Gecko and we wait for it to cooperate with us and actually load. I don't know what it's doing. We come down to categories and you'll see proof of stake. Just so you know, I'm not just making that up. Oh, no. I'm sorry. I misread your question. I thought you were asking if it was proof of work. It is proof of stake. Yes, it is proof of stake. Now, I don't even remember if I said it backwards or not. Anyways, yeah, it

is. Wow. Nice. Proof of work or it says, "Oh, nice. POS." Good. Yeah, sorry. No, it is proof of stake. I don't know why I said that so backwards. We just looked at it at the beginning of the stream. I had it right in my mind, but I really messed that up. Yes, it is proof of stake just like Salana and Ethereum. I mean, Bitcoin proof of work still and you know, some obscure coins like Ravencoin or something are still proof of work, but a lot of things have moved away from the proofof work consensus, right? But of course, there's still proofof work tokens out here. Like you can come over here and type in P >> [clears throat] >> Go to categories. Proof of work. Bitcoin, I'm sure, is going to be the number one. Yep. But Zcash,

Dogecoin, Monero, Dogecoin, by the way, everybody, still proof of work. So, Caspa, of course, I would see when it comes to mining, it's difficult. This is all side note. With with mining, it's difficult because there's a lot of factors that you have to take into play, right? Caspa seems like it'd be a good one to mine because it's kind of newer than these other ones and probably has more room to grow, but that's not necessarily meaning that'll be true. And here you go. You got quantum resistance. Uh cubic cubic has [clears throat] strong community, so that could be a good one to mine. It's hard to tell which one is going to be really the best one to mine until you mine it and you find out if you make money or not basically because you're really to me

in my opinion when it comes to mining you have is it profitable like are you mining more coin and value than the internet or not internet sorry than the electricity that you're using and all your expenses. So, expenses against how much you're earning monetarily. But then there's the bigger idea that you're going to mine something and then you're going to have a bull market and altcoins are going to rally and that coin that you're mining like Zcash is going to go up. If you've been mining Zcash, you've done really well. Uh if you've been mining that the entire bare market, you you're you're you're crushing it. Mining it now, I don't know. Could Zcash go to $2,000? I guess if Zcash goes to like Ethereum prices and Ethereum doesn't go past its all-time high that would be something I

would be paying attention to. I just kind of thought of that. Anyways, guys, I don't know how everybody's going to feel about this. Here's kind of what I'm thinking. There's going to be a news Twitter doom scroll kind of uh the we'll still look at the cryptobubbles for a second and talk about a couple of things, but there's going to be a stream earlier in the day that's going to be those kind of things. Then there's going to be the educational stream, right? And then there's going to be a gaming stream. Now, the gaming stream is actually going to be in my normal window. This is what I'm thinking. Somebody give me some thoughts here. The gaming stream is going to be from like 8:30 to like 9:30, 9:45. The educational stream will be directly after that. So technically

technically speaking, the show is just going to be split up into two streams that you're used to and there's going to be a bonus stream that's just news and some Twitter doom scroll. It'll probably be about 30 to 45 minutes, maybe an hour on a regular basis, right? And that'll be three streams a day. But really, we're just taking our normal stream and we're breaking it in half. We're putting the gaming stuff first and then we're going to put the education after. Anybody have any opinions on that? Like, does anybody think that we should do the gaming stream after? Maybe. I'm still hashing it out. Tomorrow is going to be my first day trying this out. And we're going to see where we go from there. Now, will I get the whole news stream in tomorrow? I don't know.

I don't know if I'm going to get that in. But what I do know is that we'll be splitting up the gaming stream and the education stream. There'll be two separate streams. Which one will be before the other? I don't know. Tune in at 8:30 like normal New York time [music] and you'll figure out what we're doing from that point on. My main thesis here is that I've noticed that a lot of people don't show up to the educational stream or show up to the stream in general until about like 9:30, maybe 9:45. We have a couple of regulars that come early and are here from the beginning. And we'll see how it goes. We'll see how it goes. I'll give people an update in the Discord [music] tomorrow as to what I'll actually be doing. But if you

don't catch that update, that's fine, right? You can just see what happens. Reliable Jay in the house says, "Solar panels and a minor, you are winning." It's a good point. I think I might have to do that. Maybe we'll have to check that out. Anyways, [music] it's been a super fun stream. Look for in the Discord. there's going to be a new tab that's going to be about um the token autopsy score and then it'll have all the different reasons why a certain token got a certain score, right? And that'll become over time who's in the lead, who's number one, who's number two, right? So that'll be updated. So, it'll probably be two tabs now that I'm I'm thinking out loud here. Is that you'll have one tab that has each, you know, autopsy, and then you'll have another

tab that's like a scoreboard, leaderboard, where I post them in order of their actual score. Other than that, guys, I hope you guys have a great stream. There is going to be a gaming stream. All right, just so we're 100% clear, if you're watching this stream right now, you're used to me going into the underground hangout part of the show, as I say, and doing a DeFi gaming stream, right? Well, I'm going to log off of this stream and I'm going to give myself five minutes maybe, and then we're going to go into our DeFi gaming stream. We're going to try this out. So, come hang out with me and let's play some DeFi games, but let's keep it separate from the stream, right? Underground crypto out, think long term, and I will see you literally in the next

one that I'll be launching in five or six minutes. Defi Gaming later, everyone. Hope to see you guys there.